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NBG Chooses Ripple for CBDC Development, Known as Digital GEL
The National Bank of Georgia (NBG) has teamed up with cryptocurrency giant Ripple for the development of its central bank digital currency (CBDC), known as the digital GEL. This exciting partnership is the initiative's pivotal moment for Georgia's financial sector. It incorporates Ripple's cutting-edge blockchain technology into its monetary system. This partnership is all about bringing innovation and digital advancement to Georgia's financial landscape.The National Bank of Georgia (NBG) decided to partner with Ripple after carefully evaluating nine different tech companies. They were on the lookout for a partner who not only had cutting-edge technology but also shared their passion for innovation and making the public sector more efficient.
Ultimately, they chose Ripple because of their exceptional technical skills and the wealth of experience their team brings to the table. Natia Turnava, the acting Governor of the NBG, was particularly impressed with Ripple's expertise and team...cryptonews
